Infoholic Research forecasts wireless security is set to be the higher priority for the automakers to leverage the emerging connected vehicle technology market growth

With its recently published study on “Global Auto Cyber Security Market – Trends & Forecast, 2015-2020“, Infoholic predicts wireless security is set to be the higher priority for the automakers to leverage the advanced connected vehicle technology market growth in upcoming years (2015-2020). The increasing demand for the connected vehicle for the consumers is expected to impact on the automotive industry ecosystem.

As per the market study, North America set to be a leading continent for this market growth followed by Asia Pacific and Western Europe regions. “Global Auto Cyber Security market is expected to grow at 13.2% during the period 2015-2020.”–Infoholic Research.

“In near future, billions of the connected cars and driverless car will be on road as this technology grows that exponential increasing the concern regarding security. Due to this, automakers and cyber security vendors are need to working together to understand about scenarios to reduce the security issues.” Said- Research Operations, Tariq Shaik

Increase in IoT devices has a direct correlation to the increase in number of connected cars that in turn leads to security concerns. The disquiet on security though hamper the market in future leading to more opportunities for security providers and vendors. Thus, automakers and cyber security vendors need to work together for the development of the new security applications.

“The increasing demand for digital technology from the consumers lead automakers to consider the connected vehicle technology as a new business model for their future growth. In the next five years, connected vehicle technology is expected to positively impact on automotive industry market growth.” Said- Bhavya. H, Research Analyst.